About This Home

This 3-bedroom, 1-bathroom single family at 7200 Edgeton Street in Detroit, MI is listed for $115,000 ($121 per sqft). Built in 1962, the home offers 950 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1962
  • 0.10 acre lot

Property Details

1 story
1 full
1962
Listing Description

This renovated 3-bedroom, 1-bath ranch is currently tenant occupied under an active lease of $1,300 per month ($15,600 annually), offering investors an excellent opportunity to acquire an occupied rental property with long-term upside. Acquired in 2023 and extensively renovated prior to tenant occupancy, the home features updated flooring, fresh pa

int, an updated kitchen with modern cabinetry and countertops, a renovated bathroom, and numerous interior improvements throughout. The current tenant is in collections for prior rent obligations, with ownership actively pursuing collection efforts while maintaining the existing tenancy.

Photos shown were taken prior to the current tenant's occupancy. Tenant occupied-please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition.

Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages. Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.

Monthly Cost Estimate

$615/mo

20% down · 6.5% · 30 years

Principal$83
Interest$498
Insurance$34

Estimates only. Actual payments may vary.

Location

7200 Edgeton Street

Detroit, MI 48212

Harrahs North Detroit

Property Details

Construction

Vinyl

Heating

Forced Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 7200 Edgeton Street is listed at $115,000 ($121/sqft). The estimated monthly payment is $616 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1962, 0.10 acre lot.

This property is listed by Jay Naim and can be reached at 3135716581.

JN

Jay Naim

Agent at EXP Realty Main

(313) 571-6581

Listed by EXP Realty Main · View on Broker Site

MLS# 20261056869· Source: listhub· 1 day on market

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7200 Edgeton Street, Detroit, MI 48212

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